latest model oil production line in russia

                                               
                                               
                                               
                                               
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  • How much oil did Russia produce in March 20234?
  • Russia announced a 500 thousand b/d (kbd) voluntary output cut for crude oil from March 20234, to be measured against February output, so total crude and condensate production was likely about 10.5 million b/d in March.
  • How much oil did Russia produce in December 2021?
  • 2021 crude and condensate production included December output of 46.11 million mt, equivalent to 10.9 mil b/d, according to the CDU data. Daily average volumes were flat on November 2021, as Russian oil producers’ spare capacity declined, following steady increases to output quotas in 2021.
  • Will Russia cut oil output in April?
  • Novak has said Russia will reduce output by an extra 350,000 bpd in April, with exports will be cut from March levels by 121,000 bpd. In May, output will be cut by 400,000 bpd and exports by another 71,000 bpd. In June, all the additional cuts will be from oil output.
  • Why is Russia reducing oil output in the second quarter?
  • REUTERS/Vasily Fedosenko/File Photo Purchase Licensing Rights MOSCOW, March 25 (Reuters) – Russia’s government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target of 9 million barrels per day (bpd) by the end of June in line with its pledges to OPEC+, three industry sources said on Monday.